Digital Swiss FrancDCHF to CHF
The Digital CHF (DCHF) is a Sygnum settlement token pegged to the Swiss Franc. For every settlement token minted in its client accounts, Sygnum holds the equivalent amount of CHF as collateral in the Swiss National Bank (SNB). As a bank, Sygnum and its products and services are regularly audited.
- Sygnum’s DCHF is a key component for leveraging the advantages of DLT-based financial infrastructure, including immediate delivery versus payment (T=0) and no counterparty risk, thereby transferring value more efficiently.
- The settlement token framework and technology developed for Sygnum’s DCHF can be replicated with other major national currencies.
- This CHF-pegged settlement token was the first to be issued by a regulated Swiss bank with a full digital asset banking suite.
Settlement tokens, also called stablecoins, are digital assets that can be pegged against any national currency. The Sygnum DCHF acts as bridge between other digital assets and fiat currencies, increasing transaction ease and efficiency. Sygnum’s DLT-based DCHF can be transferred in real-time, resulting in almost immediate settlement of transactions and eliminating the need for intermediaries. Employing DCHF in these instances reduces complexity, costs and time, and alleviates counterparty risk. For institutional clients, the Sygnum DCHF is a central component of the digital asset ecosystem that enables the full integration of asset tokens into banking infrastructure.
Disclaimer: This information was prepared by Sygnum Bank AG. This information may contain forward looking statements and may be subject to change. The opinions expressed herein are those of Sygnum Bank AG, its affilitates, and partners at the time of writing. This is for informational purposes only and contains general material. It does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum Bank AG to purchase or sell assets or securities. It is not intended to be used as a general guide to investing, and it should be used for informational purposes only. When making an investment decision, you should either conduct your own research and analysis or seek advice from an expert to make a calculated decision. The information and analysis contained here have been compiled from sources believed to be reliable. However, Sygnum Bank AG makes no representation as to its reliability or completeness and disclaims all liability for losses arising from the use of this information.